Abercrombie & Fitch Co. (NYSE:ANF) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its position in Abercrombie & Fitch Co. (NYSE:ANF) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 158,554 shares of the apparel retailer’s stock after buying an additional 4,837 shares during the period. Rhumbline Advisers’ holdings in Abercrombie & Fitch were worth $23,699,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Creative Planning grew its holdings in Abercrombie & Fitch by 5.9% in the third quarter. Creative Planning now owns 30,284 shares of the apparel retailer’s stock valued at $4,237,000 after purchasing an additional 1,693 shares during the period. Raymond James & Associates raised its holdings in Abercrombie & Fitch by 85.6% in the third quarter. Raymond James & Associates now owns 19,559 shares of the apparel retailer’s stock valued at $2,736,000 after acquiring an additional 9,022 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Abercrombie & Fitch by 2,944.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 17,597 shares of the apparel retailer’s stock valued at $2,462,000 after acquiring an additional 17,019 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Abercrombie & Fitch by 10.4% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 4,963 shares of the apparel retailer’s stock valued at $694,000 after acquiring an additional 467 shares in the last quarter. Finally, Zweig DiMenna Associates LLC acquired a new stake in Abercrombie & Fitch in the third quarter valued at $3,386,000.

Insider Transactions at Abercrombie & Fitch

In related news, COO Scott D. Lipesky sold 8,605 shares of the stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $150.20, for a total value of $1,292,471.00. Following the completion of the transaction, the chief operating officer now owns 97,850 shares in the company, valued at $14,697,070. This represents a 8.08 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Suzanne M. Coulter sold 2,870 shares of the stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $160.00, for a total transaction of $459,200.00. Following the completion of the transaction, the director now owns 6,405 shares of the company’s stock, valued at $1,024,800. This represents a 30.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,401 shares of company stock worth $2,631,741. Insiders own 2.58% of the company’s stock.

Abercrombie & Fitch Stock Performance

Abercrombie & Fitch stock opened at $104.96 on Thursday. The company has a 50-day simple moving average of $133.67 and a 200-day simple moving average of $141.33. The firm has a market capitalization of $5.29 billion, a P/E ratio of 10.38 and a beta of 1.49. Abercrombie & Fitch Co. has a one year low of $104.37 and a one year high of $196.99.

Abercrombie & Fitch (NYSE:ANF) last released its quarterly earnings results on Tuesday, November 26th. The apparel retailer reported $2.50 EPS for the quarter, topping the consensus estimate of $2.32 by $0.18. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. Abercrombie & Fitch had a net margin of 11.16% and a return on equity of 46.50%. The company’s quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.83 earnings per share. As a group, sell-side analysts forecast that Abercrombie & Fitch Co. will post 10.64 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Raymond James cut their price target on shares of Abercrombie & Fitch from $180.00 to $165.00 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. upped their price target on shares of Abercrombie & Fitch from $201.00 to $204.00 and gave the company an “overweight” rating in a report on Friday, December 20th. UBS Group raised shares of Abercrombie & Fitch from a “neutral” rating to a “buy” rating and upped their price target for the company from $173.00 to $220.00 in a report on Friday, January 10th. StockNews.com raised shares of Abercrombie & Fitch from a “hold” rating to a “buy” rating in a report on Monday, January 13th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $190.00 target price on shares of Abercrombie & Fitch in a report on Tuesday, January 14th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Abercrombie & Fitch has a consensus rating of “Moderate Buy” and an average target price of $182.25.

Abercrombie & Fitch Company Profile

Abercrombie & Fitch Co engages in the retail of apparel, personal care products, and accessories. The firm operates through following geographical segments: Americas, EMEA and APAC. The Americas segment includes operations in North America and South America. The EMEA segment includes operations in Europe, the Middle East and Africa.